ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 started the day with losses
Recovery in the index couldn’t last longer due to the recession concerns increasing in the US. Yesterday, Richmond Fed President Thomas Barkin's calls for the Fed to increase interest rates as fast as possible and put pressure on the index. In addition, today at 15:30 (GMT+2), the statements of Fed Chair Jerome Powell will be followed closely. Technically, if the technology index, which tends to deepen its losses on the third trading day of the week, hangs below 11 185 permanently, it may target 11 000 support. On the other hand, 11 500 resistance will be on our radar in possible upward movements of the index.
